Share: CardanoGPT, based on Cardano, begins a new phase of exploring AI and blockchain with the launch of Girolamo. The launch of the AI powered entity represents CardanoGPT’s exploration of AI applications within the blockchain framework. … [Continue reading]
Solana USDC transfer volume exceeds $70 billion, hits 6-month peak
Share: Solana USDC transfers hit $71 billion in November, marking a six month peak for the Ethereum alternative token. DEX trading volume in the SOL ecosystem hit a record high, signaling investors are likely re-entering the Solana … [Continue reading]
Cosmos community passes proposal to slash ATOM inflation, seeks long-term profitability
Share: The Cosmos Hub community has passed the ATOM Production Reduction proposal with 41.1% support. The maximum inflation of the token will be slashed in half, to 10%. ATOM price is up nearly 6% on the day, yielding 40% monthly gains for … [Continue reading]
Solana price could hit three digits in 2024, analyst shares bullish outlook on SOL
Share: Solana monthly volume exceeds $6 billion, supporting ongoing SOL price rally. Crypto analyst Altcoin Sherpa predicted a massive surge in SOL price in 2024. SOL price could retrace to sub-$50 level, before another leg up. … [Continue reading]
Ethereum whale activity could pave way for ETH price to hit new yearly highs
Share: Ethereum whales are accumulating the altcoin, sitting on $132.1 billion in ETH. Whales control 52% of Ethereum’s circulating supply, supporting ETH price gain thesis. ETH price eyes new yearly highs after overcoming the key … [Continue reading]
Dogecoin price eyes recovery as whales scoop up DOGE
Share: DOGE transactions exceeding $100,000 climbed significantly in November, when compared to last month. The rising interest in DOGE is likely from institutional investors and whales, priming Dogecoin for a price recovery. DOGE could … [Continue reading]
Bitcoin price might hit $40,000 target if Tether whales support BTC gains
Share: Bitcoin price climbed to $38,380, for the first time since May 2022, inching closer to its $40,000 target. Bitcoin could hit its bullish target if Tether whales fuel demand for BTC. Tether’s 100 largest addresses added $1.67 … [Continue reading]
Ripple plans to be the torchbearer of the potential $300 trillion cross-border payment industry
Share: XRP price observed some increase in the past day but not enough to initiate a recovery rally. Until XRP holders begin accumulating again, the chance of a rally akin to the end of October is unlikely. The Head of Payments Product at Ripple … [Continue reading]
Kyber Network calls recent $54 million hack “one of the most sophisticated in the history of DeFi”
Share: Kyber Network witnessed a massive hack this week that resulted in the loss of more than $54.7 million worth of assets. Ambient Finance founder, in his investigation, stated that the attack was the most complex and carefully engineered smart … [Continue reading]
US Dollar weakened after mixed S&P PMIs, focus shifts to PCE figures from October
Share: The DXY Index declined to 103.45, a 0.30% loss. The index will tally a 0.30% weekly loss as well. S&P PMIs showed a mixed outlook, with the manufacturing sector weakening and the service sector expanding. The US Dollar (USD) is receding … [Continue reading]